Baghdad Iraq is experiencing what the U.S. did several years ago – a Real Estate boom. According to several articles, the boom is being driven by decreased violence (no not zero violence – just decreased). Bidding wars and high prices are not uncommon. And prices are rising.
A 750 square foot home is said to run around $150,000 USD. Larger homes, up in the 200 and 300k range.
Where is the demand you may ask? Iraqis are returning by the thousands from Syria to reclaim their homeland creating complete Real Estate chaos.